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EFCC Bursts Syndicate of 792 Cryptocurrency Investment, Romance Fraud Suspects in Lagos … Arrests 193 Chinese, Arabs, Filipinos, Others

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The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has disclosed that the Commission, in a landmark raid, arrested 792 suspects for their alleged involvement in cryptocurrency investment fraud and romance scam.
The suspects were apprehended on Tuesday, December 10, 2024, in a surprise operation at their hideout, an imposing seven-storey edifice known as Big Leaf Building, on No.7, Oyin Jolayemi Street, Victoria Island, Lagos , following verifiable intelligence received by the Commission .

Speaking during a media briefing on Monday, December 16, 2024, at the Lagos Zonal Directorate of the Commission, Olukoyede stated that 148 Chinese, 40 Filipinos, two Kharzartans, one Pakistani, one Indonesian were arrested during the operation.

The EFCC’s boss, who spoke though the Director, Public Affairs, EFCC, Commander of the EFCC, CEWilson Uwujaren, further stated that the foreign nationals used the facility, which could be mistaken for a corporate headquarters of a financial establishment, to train their Nigerian accomplices on how to initiate romance and investment scams and also used the identities of their Nigerian accomplices to perpetrate their criminal activities.
According to him, “All the floors are equipped with high-end desktop computers. On the 5th floor alone, investigators recovered 500 SIM cards of local telcos that were bought for criminal purposes.

“ Their Nigerian accomplices were recruited by the foreign kingpins to prospect for victims online through phishing, targeting mostly Americans, Canadians, Mexicans, and several others from European countries.
“They usually arm them with desktop computers and mobile devices and create fake profiles for them.

“The Nigerian accomplices are equally provided with logs that allow them access to foreign communication lines and victims, which they chat with on WhatsApp, Instagram and Telegram.”

While giving further details about the modus operandi of the syndicate, the EFCC Chair said the Nigerian accomplices, who are assigned WhatsApp accounts linked to foreign telephone numbers, especially from Germany and Italy, engage victims in romantic conversations as well as phantom business and investment discussions to trick them to shop on the purported online investment shopping platform called www.yooto.com.

He added: “For those who show interest, activation fees for an account on the platform starts from $35USD.

“Investigation revealed that the criterion for recruiting these young Nigerians is proficiency in the use of computers, especially typing skill. Those who passed the test are given desktop computers and mobile devices and then taken through a two-week induction on how to personate foreign females in romance scam chats and convince victims to invest in their employers’ cryptocurrency investment scam.

“Once the Nigerians are able to win the confidence of would-be victims, the foreigners would take over the actual task of defrauding the victims and proceed to block their Nigerian accomplices from the network. This would then leave them in the dark about the transaction.”

He, however, said the Nigerians involved in the alleged fraudulent activities “do not know the owners of the ‘company’ they work for because they are not offered letters of appointments or receive payment from a corporate account.”

According to him, the suspected Nigerian accomplices are usually paid either in cash or through an individual’s account.

Olukoyede said the Commission was working with its foreign partners to establish the extent of the scam and the accomplices as well as the likelihood of any collaboration with organized international fraud cells.

The EFCC Chair also used the occasion to debunk the notion that Nigerians are behind the tonnes of frauds emanating from the country.

“Foreigners are taking advantage of our nation’s unfortunate reputation as a haven of frauds to establish a foothold here to disguise their atrocious criminal enterprises. But, as this operation has shown, there will be no hiding places for criminals in Nigeria,”he said.

Also speaking during the occasion , the acting Zonal Director, Lagos Zonal Directorate of the Commission, Michael Wetkas, sought greater collaboration with the media in the fight against corruption and economic and financial crimes.

Items recovered from the suspects include desktop computers, mobile phones, laptop computers and cars at the point of arrest.

The suspects will be charged to court after investigations are concluded.

Visit www.efcc.gov.ng for more stories

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IGP WARNS AGAINST UNORGANIZED DISTRIBUTION OF PALLIATIVES, FUNFAIRS. As 2 Other Incidences Hit FCT, Anambra.

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PRESS RELEASE

IGP WARNS AGAINST UNORGANIZED DISTRIBUTION OF PALLIATIVES, FUNFAIRS.

As 2 Other Incidences Hit FCT, Anambra.

The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM., has raised serious concerns about the unorganized distribution of palliatives and relief items in the country during this festive period. This trend is worrisome and calls for urgent concerns to save the lives of citizens of this country, especially the vulnerable youths and the elderly.

This warning follows a series of tragic incidents that highlight the urgent need for a more structured and effective approach to delivering aid to vulnerable communities and members of the public in general. It would be recalled that on the 18th of December 2024, a tragic incident had occurred in Ibadan, Oyo State, where a stampede at a children’s fun fair resulted in the deaths of at least 35 children and left many others critically injured.

In the early hours of today, the 21st of December 2024, another tragedy struck at the Holy Trinity Catholic Church, Maitama, in a similar stampede that occurred during the distribution of food items to vulnerable and elderly individuals. This unfortunate incident led to the death of 10 individuals, leaving many others injured.

A similar incident also occurred at Okija, Ihiala Local Government, Anambra State at a palliative distribution set up by a philanthropist identified as Obi Jackson, which led to the death of several individuals. At the moment, 3 persons have been confirmed dead while many injured have been taken to various hospitals for adequate treatment.

The IGP emphasized the dangers posed to public safety during these unorganized distributions and funfairs set up by groups, individuals and NGOs, including the potential for stampedes and other incidents that could endanger lives. The lack of a well-defined plan for distributing palliatives has resulted in chaos, leading to long lines and unnecessary confrontations among citizens seeking assistance.

In light of these developments, the IGP has called on government officials, community leaders, and non-governmental organizations to work collaboratively towards establishing a comprehensive and organized framework for distributing palliatives. The IGP has hereby warned groups and organizers of similar events to ensure the involvement of security agencies as negligence on their part is criminal and would not be overlooked, as provided for in Sec. 196 of the Penal Code and Sec. 344 of the Criminal Code, Laws of the Federal Republic of Nigeria. In addition, the IGP has encouraged the general public who would want to benefit from such distributions to tread with caution, prioritizing their safety, to avoid unforeseen calamities.

The Nigeria Police Force reiterates its commitment to supporting efforts aimed at creating a safer and more structured environment for aid distribution in our communities. Collaborating with relevant stakeholders, the Force aims to prevent future tragedies and ensure such processes are seamless.

The IGP has ordered the Commissioners of the affected states to carry out thorough investigations into these ugly incidences for further legal actions. The Inspector-General of Police therefore sympathizes with the bereaved families and wishes those injured quick recovery.

ACP OLUMUYIWA ADEJOBI, mnipr, mipra, fCAI,
FORCE PUBLIC RELATIONS OFFICER,
FORCE HEADQUARTERS,
ABUJA.

21ST DECEMBER, 2024.

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PRESIDENT TINUBU CANCELS SCHEDULED EVENTS IN LAGOS IN HONOUR OF VICTIMS OF STAMPEDE IN FCT, ANAMBRA

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President Bola Tinubu cancelled all his official events in Lagos today, including his attendance at the 2024 Lagos Boat Regatta in honour of the stampede victims in Abuja and Okija, Anambra State.

The two tragedies claimed many lives and left many others injured.

President Tinubu was scheduled to watch the boat parade and other activities of the Boat Regatta from the waterfront of his Queen’s Drive residence in Ikoyi.

Dignitaries, including top officials of the Lagos State government and white cap chiefs from the State, were already seated when the President cancelled his appearance following briefings on the tragedies.

Commiserating with the victims of the unfortunate incidents in Anambra and the Federal Capital Territory, President Tinubu urged states and relevant authorities to enforce strict crowd control measures immediately.

He noted that it was very disturbing that the events at the Holy Trinity Catholic Church in Maitama, Abuja, and a community Centre in Okija, Anambra State, bore a distressing resemblance to the recent incident in Ibadan, Oyo State.

He said local and state authorities should no longer tolerate operational lapses by organisations and corporate bodies involved in charitable and humanitarian activities.

While praying for the peaceful repose of innocent Nigerians who died in the stampede, President Tinubu wished a quick recovery to the injured.

He reiterated that these mishaps are avoidable if event planners adhere to necessary safeguards and protocols to ensure pre- and post-event safety.

‘’In a season of joy and celebration, we grieve with fellow citizens mourning the painful losses of their loved ones. Our prayers of divine comfort and healing are with them,’’ President Tinubu said.

The President wished the Lagos State government, organisers of the Boat Regatta, themed ‘’Our Water, Our Heritage, Our Life,’’ a successful and hitch-free festival.

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Many feared de@d as rice sharing causes stampede in Anambra

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A stampede in Okija, Anambra State, has claimed the lives of 40 individuals after a prominent resident offered food items as a Christmas gift, attracting an overwhelming crowd today December 21.

The number of deceased persons is yet to be confirmed. The deceased who were mostly women have been evacuated to morgue.

This comes days after 35 children d!ed at a Christmas funfair stampede in Ibadan, Oyo state.

Reacting to the reports, the spokesperson of the state police command, SP Ikenga Tochukwu, in a statement released said

‘’Anambra State Police Operatives have taken over the scene in Okija where an alleged stampede occurred in the early hours of today 21/12/2024, that led to some persons being fatally wounded.

Preliminary information reveals that a known Philanthropist from the Okiaja Community, on his yearly schedule shares some palliatives to the members of the community to provide succour to the less privileged. Unfortunately, before the event could start, a large number of uncontrolled persons took over the event area which resulted in a stampede.

Though the details of the affected persons as still sketchy, Police Operatives have taken over the scene for proper investigation, please’’

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